While a bankruptcy does stick around a long time (10 years iirc, 3 more than the Jubilee standard for which other credit entries endure), it's not true that "yo

While a bankruptcy does stick around a long time (10 years iirc, 3 more than the Jubilee standard for which other credit entries endure), it's not true that "you'll never have good credit again". Many people in the US have gone bankrupt and they are still able to buy and finance homes, cars, and obtain other credit-dependent financial products. Generally it's 1-2 years after bankruptcy where no one will have anything to do with you, but after that, you can be considered a normal person again. Of course, that presupposes you don't need to pay out-of-pocket for major medical care more than once every 5-10 years.